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Extreme Divergence in These Sectors, Indexes as the Fed Preps to Meet

by | Oct 31, 2022

The market is down as the Dow looks to lock in its best month since 1976, with the Nasdaq and S&P 500 also poised to end October in the green — and more in Monday’s stock market recap.

Investors are awaiting the latest round of earnings reports as the market prepares for a data-heavy week on Wall Street.

chart showing earnings reports for the Week of Oct. 31
We have the PMI Manufacturing Final, ISM Manufacturing Index, ADP Employment, International Trade in Goods and Services, Productivity and Costs, and Employment Situation reports, among others.

But the biggest news this week will come from the Federal Open Market Committee meeting that starts on Nov. 2, with Wall Street pricing in another 0.75% rate hike. This news is baked into the market, as are the 50% odds of a 0.50% rate hike coming up in December.

chart showing chance of future rate hikes

In this morning’s stock market recap video, I’ll discuss the biggest threats and opportunities… why earnings are taking a back seat to the Federal Reserve… which sectors continue to lead… if momentum is topping out in the short term… which sectors are most vulnerable to downside pressure… which index will hold up best this week… if the bond market will collapse or trade higher… what to expect from the Fed going into the big meeting… plus how to trade this market right now for maximum stability.

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. This Could Cause a Massive Swing in the Stock Market 

If there’s ever a live briefing you have to see, it’s this one…

Joy of the Trade’s Jeff Zananiri is going live at 1 p.m. EDT on Tuesday, Nov. 1, to talk about what could be the biggest market shift of the year — the November midterm elections.

The result could be a massive $54-trillion market tidal wave.

And you DO NOT want to be left behind.

Sign Up to Watch Jeff’s Live Event 

P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.

That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!

Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.

Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details. 

To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.


WRITTEN BY<br>Roger Scott

Roger Scott

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